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Detailed Course Information

Spring 2012
Aug 02,2015

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ECON 101 - MICROECONOMICS

Microeconomics studies the motivations, incentives and constraints on individuals in their market decision-making, and the effect these decisions have on society. As a result of the decisions by consumers and producers, prices are determined and goods and services are accordingly allocated. The students are provided with an analytical perspective to think critically about market systems and the social objectives it may serve. The major emphasis of the class is to understand the supply-and-demand paradigm, but topics such as utility theory, market structure and government intervention into the market are covered. The goals of the class include learning specific terms and economic models, understanding the way in which economists approach problems, recognizing issues of economic importance and analyzing the effect government policies have on individuals.
0.000 TO 4.000 Credit hours
0.000 TO 4.000 Lecture hours